3 ms·
People don't realize that social media, smartphones, and the even the online retail space are akin to the invention of the railroad. Nobody has seen these tech
by noetic_techy 8y ago
People don't realize that social media, smartphones, and the even the online retail space are akin to the invention of the railroad. Nobody has seen these technologies before now, yet they dominate our lives in US. It's time to start trust busting up these companies and increase competition. That's how the capitalist system is supposed to work! You should never hear about a Trillion Dollar company in the news unless it has 2-3 Trillion Dollar competitors on its heals.
Market share needs to be taken into account here. Don't tell me Facebook should remain just because there is a Mastodon out there. Apple vs Google is not enough either.
Take a look at this visualization and ask yourself whether these behemoths should exists:
https://www.nytimes.com/interactive/2018/08/02/technology/apple-trillion-market-cap.html https://www.nytimes.com/interactive/2018/08/02/technology/ap...
- chillacy 8y agoHow is capitalism "supposed to" work at all? That concept exists entirely in our heads, in fact in Laissez-Faire capitalism, this seems like a good outcome. And it's hard to say that Amazon has no competitors. MS and Google have very similar cloud offerings, and there's always baremetal and running my own DCs as an option too. On the retail front I can shop on any number of e-commerce stores, and there's still physical retail as well.